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Mortgage Broker Ceredigion

Damian Youell

Damian Youell

Are you in need of Mortgage Advice in Ceredigion?

We are well known for our services around Ceredigion. These areas include New Quay, Aberystwyth, Talybont, Cwmystwyth, Lanybydder, Newcastle Emlyn, and Aberteifi and Lampeter.

Mortgage Broker Ceredigion

Ceredigion is situated in the Wales region of the UK. Ceredigion town lies on the tidal reach of the River Teifi at the top where Ceredigion meets Pembrokeshire. It has a population of approximately 1,500 people. Ceredigion is an ancient settlement dating back to the Bronze Age. In 1894 the railway was built linking this settlement to the rest of Wales. This brought new opportunities for the local economy and led to the growth of the village. Today, Ceredigion remains a thriving community, despite being located within Pembroke county council. Ceredigion is a popular tourist destination due to its beautiful scenery and historic buildings. There are also some great beaches nearby including Newgale beach which is a sandy beach with views across the bay towards the famous castle of Cardigan.

The area surrounding Ceredigion is very rural and there are many open fields dotted throughout the area.  The village is surrounded by farms and farmland, making it an ideal location for those who enjoy country life. The village is also close to the A40 road which runs between Carmarthen and Cardiff. This makes it easily accessible for commuters wishing to travel into Cardiff city centre. Apart from this, the city is filled with new and old construction properties with the expected demand for property rising in future. As financial advisers, we are ready to help the new property buyers at Ceredigion to help them to climb onto the property ladder. We at NeedingAdvice.co.uk Ltd gives first-time buyers an opportunity to connect face to face with financial advisers and market brokers and provide them with the best property and mortgage deal. We provide our services free of charge to all prospective customers. Our service is completely independent and unbiased. We work closely with all major banks and building societies to ensure you receive the best possible deal. You will not be charged any fees for using our service. Our team consists of experienced mortgage advisors, estate agents and surveyors who are ready to assist you with your enquiry. We pride ourselves on providing honest advice and helping our clients achieve their dreams. If you are looking for a mortgage broker in Ceredigion then please contact us today.

Financial Advisors in Ceredigion

Many clients we have seen often just need a simple remortgage to get the best interest rate. Others want a remortgage to move the mortgage from an interest-only to a capital repayment one. Others want to release some equity from their homes to put down a deposit or pay off debts. Again comparing the whole market’s rates and lending conditions helps our clients get the best mortgage for their unique circumstances. Our Financial Advisers could find out your current situation such as; how much you currently owe, what sort of house you own, whether you’re buying or selling, and what your plans are. Then our financial advisers will compare that with what’s available on the market to give you the best mortgage solution for your needs. Our Mortgage Advisers can advise you on:

• What type of mortgage would suit your needs?

• How much you should borrow?

• What sort of term you should take?

• Whether you should use a fixed or variable rate?

• Which lender would offer you the best terms?

• And more!

We have specialist experts for a mortgage in probation period, supply teacher mortgages, sole trader mortgages and many more. We’ll make sure you get a mortgage that suits your needs and budget. Feel free to contact us

 

 

Efficient Easy to Understand Process..

The first step in the mortgage advice process is for us to have a brief initial chat. You can ring us on free phone 0800 612 3367. We can then have a few minutes of chat to work out whether what you are trying to do is possible. At this stage, only a brief outline of what you are trying to do is covered. If you are at work and cannot make a call you can contact us via email to have a discussion about what you are trying to achieve. At this stage, it may be that what you are trying to do is not possible for example if you have no deposit or not enough income. However, in most cases, we can help and then we will arrange a convenient time to call you to go through things in more detail.
Once we have determined that I can help you then I need to find out hard and soft facts about you so I can begin to formulate solutions. Areas I need will cover basic details like full names and addresses, date of birth, employment status and income. Other areas will include your credit commitments and outgoings. Lastly we will talk about the mortgages you want what deposit you have, what your budget is, what type of interest rate you would prefer. We will also look at what protection solutions you have in place and how whether or not these will be suitable for your new mortgage. We will discuss time scales and when you are looking to move with the solution and then agree a time when I will email the figures to you.
The detailed mortgage figures will enable you to know two things. Firstly that what you are looking to achieve is definitely doable. Secondly, you can look at the figures and work out whether the payments are affordable and thus the idea feasible. Included in the top of the email is a summary of what we discussed and a brief overview of the deposit, loan etc. The middle section details the mortgage figures such as the interest rate, term, monthly payment, fees and charges etc. This information is also attached in the form of a key fact illustration. The bottom of the email lists all the items that would be required in order to proceed with the application such as payslips, passports, and bank statements so you can prepare these for our home visit.
The final step is for me to pop out to see you scan any of the required documents that the lender requires. Typically payslips, bank statements, passports, and address ID will be required. Other information such as the address of the property you are buying, the name of the estate agents you are buying through, the name of a solicitor you want to use etc will need to be gathered. Once this is complete then I will fill in the application form on your behalf and deal with the lender throughout the whole process until the mortgage has been completed.

Types of Mortgages Offered

First Time Buyers

I offer expert advice and house buying guidance for those first time buyers looking to get on the housing ladder. The mortgage process can seem confusing for first time buyers and having someone to explain the complex jargon in easy to understand language can simplify the process. Many first time buyers only have small deposits and therefore shopping around to get the best deal from the whole mortgage market is important. As well as the mortgage itself helping first time buyers take advantage of the various protection policies that are available and helping them choose the right solution for their own situation is important. Ensuring that the lender offered to the first time buyer is the right one and that the applicant fits all the lenders criteria is taken care of by myself.
Meet Our Specialist Mortgage Broker

Equity Release Lifetime Mortgages

Equity Release is a product which allows you to unlock cash from the value of your loan. One of the popular Equity Release Product is a Lifetime Mortgage. Lifetime mortgages are designed for people who want to release equity in their property and use the money to pay off other debts or simply enjoy life without worrying about repaying the mortgage. The main benefit of this type of mortgage is that it can be used as an alternative to paying off debt, such as credit cards or personal loans. The interest on these types of products will typically be lower than standard variable rate mortgages. We now have a dedicated adviser who specialises in equity-release mortgages. If you are age over 55 and need equity release for home improvements, paying off an interest-only mortgage, a gift to family or another reason for equity release then feel free to contact us.
Meet Our Equity Release Broker

Buy to Let Mortgages

Many clients that I see these days either already have buy to lets or are quite keen to get their own first time buy to let mortgages. The high street doesn’t really offer much choice when it comes to buy to let mortgages. Many of the high street lenders have their own specialist lender for buy to lets such as The Mortgage Works or Birmingham Midshires. These lenders are often only available through intermediaries such as mortgage brokers. Many of the buy to let lenders have criteria that is hard for clients to match and thus comparing lots of lenders and knowing each lenders criteria is sometimes the only way a client can get a mortgage agreed.
Meet Our Specialist Mortgage Broker

Remortgages

Many clients I see often just want to remortgage to get a better interest rate. Others want to move the mortgage from interest only to a capital and interest repayment mortgage. Others want to release equity from their homes to do home improvements, give family a deposit, raise funds to buy another property, divorce settlements and a host of other reasons. Again comparing the whole mortgage market’s rates and lending criteria helps my clients get the right mortgage for their unique circumstances.
Meet Our Specialist Mortgage Broker
Damian Youell

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How We Work

1: We contact you and take down your details, income outgoings, name, address etc.

2: We will research the whole market and email you a detailed quote as well as a list of documents to proceed.

3: You upload the documents and information needed via our channel our online portal.

Feel Free to Contact Us

Check Our Equity Release Mortgages Section

FAQs

What is a mortgage broker?

A mortgage broker is an independent financial adviser who will take care of all aspects of your mortgage application from start to finish. They will be able to provide advice on what type of mortgage best suits your circumstances, how much you should borrow and whether it’s better to go for a fixed or variable rate mortgage.

Can I get a mortgage broker in Ceredigion?

Yes, we can help with your mortgage needs. We have been helping people to find the right home loan for over 10 years. You can contact our team for any mortgage advice in Ceredigion. 

How do I choose a mortgage broker in Ceredigion?

It’s important that you choose a mortgage broker who has experience working with customers like yourself. The most experienced brokers will also offer a range of products so they can tailor their service to suit your individual requirements. We can help you to find the perfect broker as per your requirements. Feel free to contact us. 

Do I need a guarantee when choosing a mortgage broker in Ceredigion?

No, there is no requirement for a mortgage broker to give a written guarantee. However, if you decide to use one then make sure you read the terms and conditions carefully before signing anything. If you don’t understand something then ask them about it. It’s always worth getting more than one quote. This way you can compare the different offers and see which one works out the cheapest for you.

Are mortgage brokers regulated by the Financial Conduct Authority (FCA)?

Yes, mortgage brokers must abide by the rules set down by the FCA. In addition, they must hold at least £1 million in capital and carry professional indemnity insurance.

What does a mortgage broker cost in Ceredigion?

The price of a mortgage broker depends on the size of the loan, the amount of interest you pay and the length of time you want to repay the loan. Typically, a mortgage broker will charge between 1% and 2% of the total value of the property being purchased.

Why would someone use a mortgage broker in Ceredigion instead of going direct to a lender?

Using a mortgage broker in Ceredigion means you won’t have to deal directly with the lender. Instead, you will work with a third party who will handle everything for you. This could save you money because lenders usually charge fees for dealing with borrowers.

 Is a mortgage broker cheaper than using a bank?

In some cases, yes. Mortgage brokers often offer competitive rates but this may not always be the case. For example, if you are buying a house worth less than £250,000 then you might be able to get a lower rate through a mortgage broker. But if you are looking to buy a bigger property, such as a detached bungalow, then you may find that banks offer a better deal.

What types of mortgages are available in Ceredigion?

Fixed Rate Mortgages – These involve paying the same monthly payment for the life of the mortgage. The only difference is that the interest rate stays the same throughout the term of the mortgage.

Variable Rate Mortgages – With these, the interest rate changes each month depending on market conditions. They tend to be more expensive than fixed-rate mortgages.

Interest Only Mortgages – These allow you to borrow all or part of the purchase price upfront. When you sell the property, you repay the remaining balance.

Buy To Let Mortgages – These let you borrow against the rental income from a property. Once the property is sold, you repay the debt.

Home Purchase Loans – These loans are used to buy properties. You pay a deposit upfront and the rest of the funds over a period of years.

Refinancing Mortgages – Refinancing involves taking out another mortgage to cover any existing debts. This allows you to take advantage of low-interest rates without having to move home.